GARTMAN: Mitt Romney Will Win The Election 'Quite Handily'

Dennis Gartman, publisher of the widely-read Gartman Letter, is predicting that Mitt Romney will win the presidential election, according his latest newsletter.

Not only does Gartman think that Romney has a chance of winning the election, but he believes he can win "quite handily."

These are the points he uses when making a case for a Romney victory:

First, he uses the the 1980 election as an example where Carter had a 2-3% point lead over Gov. Reagan. Carter was expected to win the race, but he did not.

Gartman also refers to the Bradley/Wilder Effect, a theory where non-white candidates do better in the polls than the final election results show.

Four years ago, Gartman explains that Sen. McCain didn't stand a chance of beating Obama because of the economic crisis and the public's disdain for the Bush Administration. He says that today Romney has a very real chance of winning.

Another point Gartman makes is that he thinks the polls are "badly out of touch." First, he notes the calls have a very high refusal rate and only a small percentage are actually responding. What's more is the polling tends to take place during the day and those people responding are likely unemployed, therefore, they would likely need government assistance and would also likely lean toward the Democrats, he explains.

The biggest reason Gartman thinks Obama will lose the election is the major groups that supported him in 2008 (African-Americans, Jews, college students, Catholics, small business owners, blue collar workers and suburban "soccer" moms) those percentages from those groups supporting him will likely fall.

What's more is while Gartman recognizes that President Obama did an excellent job surveying the Hurricane Sandy damage this weekend, he also thinks the president may have made some big mistakes over the weekend that could hurt him on election day.

First, Gartman writes that Obama should not have gone to Vegas for a campaign and funding trip calling it "bad form." Second, he says that Obama's "Voting is the best revenge" comment made it easy for the Romney campaign to turn it into voting is for "Love of country."

Still, Gartman points out that he could be "terribly wrong" with his prediction.